SOURCE: MV Transportation, Inc.

MV Transportation, Inc.

January 30, 2012 10:29 ET

MV Transportation, Inc. Awarded $186 Million Dallas Paratransit Contract

FAIRFIELD, CA--(Marketwire - Jan 30, 2012) - Today, MV Transportation, Inc., the largest privately-owned transportation contracting firm based in the United States, announced it has been selected by the Dallas Area Rapid Transit (DART) Board of Directors for its Mobility Management paratransit contract. Under the terms of this new seven year, $186 million agreement, MV will provide service across the 13 City Metroplex of Dallas and will provide more than 750,000 trips in the first year.

MV Transportation's service model represents $12 million in immediate cost savings and approximately $48 million in additional savings to DART over the next seven years. MV unseated the 11-year incumbent contractor with this win by receiving the highest technical score and providing the most cost savings for DART.

"This partnership with DART represents a tremendous opportunity for MV Transportation to prove its long-term commitment to the region and its residents," said Carter Pate, CEO of MV Transportation. "We will not only deliver improved service quality for DART passengers through a more cost-effective service model, but will also support the local economy with our new national call center and executive office based here in Dallas."

MV's modified service model provides service through the use of taxi and other means of on-demand services to extend significant cost savings to DART and Dallas tax payers. The need for DART to invest in capital items, such as vehicles, technology and dedicated call center staff is eliminated by this agreement with MV. As a result, DART will experience a substantial reduction in cost per trip. In addition, MV will utilize its transit technology expertise at its local call center to bring unmatched technical support and will purchase a fleet of ADA purpose-built vehicles for this contract.

"Yellow Cab is proud to partner with MV for the implementation of this critical service," said Jack Bewley, President of Irving Holdings, Inc. "We currently provide over 4,000 Medicaid trips each day in the Dallas region and have worked with DART in the past. It will be an honor to work with MV as they transition and train our drivers to deliver this service for DART passengers. We are looking forward to a successful relationship."

MV's contract commences October 1, 2012; however, the company has already begun the transition of service and the hiring of dedicated DART employees for the company's Dallas-based National Call Center.

MV Transportation operates several other contracts in Texas, including MetroLIFT in Houston, B-Line in Corpus Christi and employee transportation services for Bechtel/Jacobs' Texas Crude Expansion Project in Port Arthur. In addition, MV Technology, a subsidiary of MV Transportation, has a contract with Dallas/Fort Worth International Airport to deliver transit technology solutions to enhance the passenger experience.

About MV Transportation, Inc.
MV Transportation, Inc. is the largest private provider of paratransit services and the largest privately-owned passenger transportation contracting firm based in the United States. The company employs more than 16,000 dedicated transit professionals and operates more than 200 paratransit, fixed-route, shuttle and Medicaid contracts in 29 states, the District of Columbia, Canada and Saudi Arabia.

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